$ 293,000
7406 Oakland St Detroit, MI 48211
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$ 293,000
Est. payment | /mo
4 Baths
3,484 Sqft Lot
$ 293,000
Est. payment | /mo
4 Baths
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240081013
HOA Y/N true
Originating Board Realcomp
Year Built 1910
Annual Tax Amount $1,917
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 30.00 x 122.00
Property Description
Excellent Air BnB and cash flow opportunity! Recently renovated, this 4-unit property offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse tenant base and maximizing income potential. This property is in the quickly-growing North End neighborhood, walkable to restaurants and coffee shops. With the potential for steady rental income and the recent renovations minimizing maintenance costs, this quadplex stands as a strategic investment for those seeking to build a reliable stream of passive income in an emerging Detroit neighborhood. Due to location, unit sizes, and separate entrances, this is a versatile investment and could be a blend of short, mid and long-term rentals. Updates include: full unit remodels - kitchens with granite counters and new appliances, bathrooms with new vanities and fixtures, and new flooring throughout. Other recent updates: new furnaces, plumbing, roof, and hot water tanks. Gas and electric meters are separate, so tenants pay their own - water, lawn and snow included in the rent. PLEASE NOTE this property has some structural repairs and the property has been priced accordingly. Inspection reports and quotes available upon request. Property is rental certified with the City of Detroit (certificate of compliance).
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction From I-75 S, turn right on E Grand Blvd, right on Oakland Ave, subject on right
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Lot Description Sidewalk
Sewer Public
Water Public
Structure Type Aluminum Siding,Brick,Vinyl Siding
Others
Tax ID 05004669
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Berkshire Hathaway HomeServices The Loft Warehouse